Tapestry (TPR) Gets a Hold Rating from Oppenheimer


Oppenheimer analyst Brian Nagel maintained a Hold rating on Tapestry (TPR) today. The company’s shares closed last Thursday at $15.01.

According to TipRanks.com, Nagel is a 5-star analyst with an average return of 13.0% and a 67.8% success rate. Nagel covers the Consumer Goods sector, focusing on stocks such as Dick’s Sporting Goods, Lululemon Athletica, and The Lovesac Company.

Currently, the analyst consensus on Tapestry is a Moderate Buy with an average price target of $21.80, a 32.1% upside from current levels. In a report issued on April 15, UBS also maintained a Hold rating on the stock with a $14.00 price target.

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Tapestry’s market cap is currently $4.71B and has a P/E ratio of 7.80. The company has a Price to Book ratio of 27.57.

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Tapestry, Inc. engages in the provision of luxury accessories and lifestyle brands. It operates through the following segments: Coach, Kate Spade, Stuart Weitzman, and Corporate. The Coach segment consists global sales of coach brand products to customers through coach operated stores, including the internet and concession shop-in-shops, and sales to wholesale customers, and through independent third party distributors. The Kate Spade segment focuses on Kate Spade New York brand products to customers through Kate Spade operated stores, including the Internet, sales to wholesale customers, through concession shop-in-shops and through independent third party distributors. The Stuart Weitzman segment comprises Stuart Weitzman brand products primarily through Stuart Weitzman operated stores. The Corporate segment represents certain costs that are not directly distributed to a brand. The company was founded by Dawn Hughes in 1941 and is headquartered in New York, NY.

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